Bottom Line: Inventory builds are below expectations for third time in four weeks.
RBN Energy analysis shows that nationwide inventory stock levels are not building-up over the summer months as we would hope. The Midwest reported an increase in inventories – finally cresting more than last year, but at the bottom of the five-year average. The East Coast and Gulf Coast report nearly no changes in stocks due to exporting; just as quickly as product moves to the region, it is exported. That said, U.S. production is still about twice as much as exports. The Rocky Mountains and West Coast have slightly less product build than last year, but near the top of the five-year average. Nationwide, inventories are slightly below last year and the five-year average.
Access the full weekly report to read more about the current inventory levels and likely causes, including the impact on exports of ongoing lock-downs in China and the geopolitical conflict in Europe. Visit NPGA’s Inventory Trends section for the full weekly report, monthly report, and data analysis.
Questions? Contact NPGA Vice President, Regulatory & Industry Affairs Sarah Reboli.
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